Mini Pallets is a product that raises bulky items off the ground, allowing for easy moving access. Peter Kuhlmann founded this in 2001. As of January 2024, Mini Pallets’s estimated net worth is $3.7 million.
In June 2017, they appeared on season 03 of Shark Tank Australia and made a deal with Andrew Banks and Naomi Simsons for $400,000 for 40% of equity. The final valuation was $1 million, as same as the founder’s initial estimate.
Mini Pallets had a significant growth in business after its pitch on the show. As of January 2024, Mini Pallets is successfully continuing its business. Products are available for purchase on the company website.
Mini Pallets Net Worth
| Net worth | $3.7 million (2024) |
| Annual Sales Revenue | – |
| Profits | $80,000 |
| Lifetime sales | – |
| Investors | Andrew Banks and Naomi Simsons |
| Founder | Peter Kuhlmann |
| Employees | <10 |
Mini Pallets Net Worth Timeline
| Net Worth 2024 | $3.7 million |
| Net Worth 2023 | $3.7 million |
| Net worth valuation in 2017 after appearing on Shark Tank | $1 million |
| Net worth valuation in 2017 before appearing on Shark Tank | $1 million |
Mini Pallets Pitch on Shark Tank
| Product | Product that raises bulky items off the ground, allowing for easy moving access |
| Episode | Season 03 Episode 04 |
| Founders | Peter Kuhlmann |
| Asked for | $200,000 for 20% equity |
| Company name | Mini Pallets |
| Final deal | $400,000 for 40% equity |
| Sharks | Andrew Banks and Naomi Simsons |
| Location | Unley, South Australia |
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Mini Pallets Founder
Mini Pallets was founded by Peter Kuhlmann in 2001. Peter is a determined entrepreneur. He came up with the idea of the Mini Pallets, observing how difficult it is to remove heavy packages manually. He started the business by investing his own money. Mini Pallets’s founder, Peter Kuhlmann’s net worth is unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2017 | Mini Pallets was featured on Shark Tank and secured a deal. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Mini Pallets and its continued success.